Citrix Systems Inc. (CTXS) Downgraded by Vetr Inc.
Citrix Systems Inc. (NASDAQ:CTXS) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They presently have a $87.24 price objective on the cloud computing company’s stock. Vetr‘s price target would indicate a potential upside of 2.25% from the company’s previous close.
CTXS has been the topic of several other research reports. Mizuho restated a “neutral” rating and set a $90.00 target price on shares of Citrix Systems in a research report on Monday. Jefferies Group restated a “hold” rating on shares of Citrix Systems in a research report on Tuesday, July 5th. Zacks Investment Research upgraded Citrix Systems from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, June 21st. William Blair restated a “market perform” rating on shares of Citrix Systems in a research report on Wednesday, July 20th. Finally, Deutsche Bank AG increased their target price on Citrix Systems from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.30.
Shares of Citrix Systems (NASDAQ:CTXS) traded up 2.59% during midday trading on Tuesday, reaching $85.32. The company had a trading volume of 1,897,357 shares. The company has a market capitalization of $13.29 billion, a PE ratio of 34.38 and a beta of 1.94. The company has a 50 day moving average of $84.78 and a 200 day moving average of $84.11. Citrix Systems has a one year low of $60.91 and a one year high of $90.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/citrix-systems-inc-ctxs-downgraded-by-vetr-inc.html
Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Tuesday, July 26th. The cloud computing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.06. Citrix Systems had a return on equity of 32.31% and a net margin of 11.56%. The business earned $843 million during the quarter, compared to analyst estimates of $816.56 million. During the same period in the prior year, the company earned $1.00 earnings per share. Citrix Systems’s revenue was up 5.8% compared to the same quarter last year. Analysts predict that Citrix Systems will post $5.06 EPS for the current fiscal year.
In other Citrix Systems news, VP William Burley sold 365 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $84.81, for a total value of $30,955.65. Following the completion of the sale, the vice president now directly owns 52,695 shares in the company, valued at $4,469,062.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carlos Sartorius sold 13,290 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $84.51, for a total transaction of $1,123,137.90. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of CTXS. Franklin Resources Inc. raised its stake in shares of Citrix Systems by 192.6% in the first quarter. Franklin Resources Inc. now owns 66,514 shares of the cloud computing company’s stock valued at $5,226,000 after buying an additional 43,780 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Citrix Systems by 3.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,636 shares of the cloud computing company’s stock valued at $443,000 after buying an additional 190 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Citrix Systems by 127.7% in the first quarter. Meeder Asset Management Inc. now owns 9,190 shares of the cloud computing company’s stock valued at $722,000 after buying an additional 5,154 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Citrix Systems by 25.3% in the first quarter. Riverhead Capital Management LLC now owns 348,970 shares of the cloud computing company’s stock valued at $27,423,000 after buying an additional 70,546 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Citrix Systems by 516.0% in the first quarter. Wellington Management Group LLP now owns 148,678 shares of the cloud computing company’s stock valued at $11,684,000 after buying an additional 124,543 shares during the period. Institutional investors and hedge funds own 96.92% of the company’s stock.
About Citrix Systems
Citrix Systems, Inc develops and sells products and services that enable delivery of applications and data over public, private or hybrid clouds or networks, to virtually any type of device. The Company operates through two segments: Enterprise and Service Provider, and Mobility Apps. The Company’s Enterprise and Service Provider segment consists of Workspace Services and Delivery Networking products.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Citrix Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citrix Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.